Headline Roundup July 17, 2019
Bipartisan Bill Introduced to Repeal Cadillac Tax
Summary from the AllSides News Team
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The House plans to vote Wednesday on legislation that would roll back the so-called “Cadillac tax” under the 2010 health care law known as Obamacare.
The 40 percent surcharge tax applies to certain high-cost employer health care plans (hence the “Cadillac tax” nickname). It isn’t set to take effect until 2022, and Congress has twice delayed its implementation.
The tax was envisioned as a way to help pay for the 2010 health care law. There’s bipartisan support in both the House and Senate for its repeal, which has been a...
The House is widely expected to vote Wednesday to finally kill the so-called Cadillac tax. Whether the Senate will follow is less clear, but the overall sentiment isn’t: The excise tax on high-cost insurance plans has long enjoyed bipartisan lack of support, and the only question is whether Congress will repeal it outright or just continue to delay its implementation.
The House of Representatives this week will vote on H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019. It is expected to pass the House by a wide, bipartisan margin.
H.R. 748 repeals the so-called “Cadillac Plan tax,” one of the big tax hikes that paid for Obamacare. The Cadillac Plan tax imposes a 40% excise tax on very expensive health insurance policies. The tax was meant to be a sort of proxy for limiting the tax benefit for employer-provided health insurance (for example, labor union plans...
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